Adani Ent. Adani Wilmar, Adani Power other group stocks gain up to 17%. Adani Power, Ambuja rise to pre Hindenburg level

Gautam Adani led Adani Group of companies, including Ambuja Cement and New Delhi Television Ltd but with the exception of ACC Ltd continued adding to their gains on Wednesday.

The combined market cap of the 10 Adani group listed companies had increased by about Rs.87,224 crore till noon on Wednesday. investor confidence got a boost post the news flow suggesting that US government agencies have found allegations levelled by Hindenburg against the Adani group as irrelevant and unsubstantiated.

Sources reports revelling allegations against the group in January had had led the Adani group companies see significant corrections in their stock prices thereafter. However, clearances given by various agencies in domestic arena have regularly been leading to rebound in investor confidence.

Adani Green Energy, with its share price rising around 17% on Wednesday, stood out amongst the ten Adani group company stocks.

Adani Total Gas Ltd and New Delhi Television Ltd with their share price rising more than 14%, closely followed Adani Green share price gains.,

Adani Power also stood amongst prominent gainers with its share price seeing smart gains of close to seven per cent standing out amongst others Adani group companies as Adani Enterprises Ltd, Adani Ports and Special Economic Zone, Adani Wilmar Ltd, Adani Energy Solutions and even Ambuja Cement and ACC.